StockFetcher Forums · General Discussion · Double Failure Swing Low [ DFSL ]<< >>Post Follow-up
imanga
6 posts
msg #158570
Ignore imanga
2/11/2022 5:05:15 AM

Hi All,

I am trying to build a filter that would list stocks that have made 2 swing lows and is about to break the last high or is near the last high [ 1-2 days ]. [ This can be applied for short as well ]

This is an excellent strategy that helps join a recent trend and a very high probability of a breakout.

I have tried a few and below is the best I could get close to it. Appreciate any suggestions to enhance the filter

Fetcher[ show stocks where the Fibonacci Down(65,10) is near 0.618 90 days ago
do not draw Fibonacci Down(65,10)
]





xarlor
501 posts
msg #158571
Ignore xarlor
2/11/2022 8:01:13 AM

Fetcher[
pattern is double-bottom
]



imanga
6 posts
msg #158580
Ignore imanga
2/12/2022 2:28:47 AM

Thanks, @xarlor, not exactly what I am after but it does provide a start. The entry point is after double bottom [ or a long downtrend ] is formed and the uptrend is in place. I am looking for 2 dips and then a price to test the recent high.

Not sure if this is going allowed on the form, but here is what I have sketched to

https://i.postimg.cc/Gpb9cTRJ/2022-02-12-11h24-35.png

xarlor
501 posts
msg #158581
Ignore xarlor
2/12/2022 10:45:32 AM

Although not perfect, using some creative Darvas Box manipulation gets you awfully close. I can't remember where I got this filter from, but it wasn't my creation. Credit to the SF user that built it.

Fetcher[
set{X1, count(close reached a new 52 week high within the last 90 days,1)}
set{X2, count(darvas box above darvas box 1 week ago,1) * count(darvas box above darvas box 3 weeks ago,1)}
set{x3, count(close > WMA(150),1)}
set{x4, X1 * X2}
set{x5, X3 * X4}

/* Only show stocks that reached a new 2-year high within the last 10 days */
set{2yrh,count(close reached a new high 2 year high,10)}
set{x6,x5*2yrh}
x6 > 0
]



imanga
6 posts
msg #158582
Ignore imanga
2/12/2022 11:09:08 AM

Appreciated xarlor !

Yes looks close enough. Have not worked O
On Darvas box as am a Eillott Wave enthusiast but will definitely check it out.



StockFetcher Forums · General Discussion · Double Failure Swing Low [ DFSL ]<< >>Post Follow-up

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